MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1854 Thurs; -1.13% Y/Y

MNI BRIEF: Ontario To Cut U.S. Energy Flows When Tariffs Hit

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI BRIEF: US Budget Deficit $367B In Nov; FYTD Record $624B

MNI China Daily Summary: Wednesday, December 11

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

EZ/UK Bond Supply Calendar: BTP Auction on Thursday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

JPM: No Longer Expect Additional Hike After Latest CPI Ease

CANADA
  • JPM expect the BoC to "lean into the notable ease in September inflation measures" and leave rates on hold on Wednesday as balances the risks of over- and under-tightening.
  • “While inflation metrics have been noisy in recent months the latest reading was largely favorable", but “Concerns remain so the Bank will continue to communicate a tightening bias."
  • In particular, "Wage growth remains elevated across a variety of sectors and above rates that would be consistent with the 2% inflation target. And the latest Business Outlook Survey yielded hawkish results.”
  • “The Bank is likely to point to moderating growth as convincing evidence that tighter monetary policy is working to bring supply and demand back into balance." JPM forecast inflation is on a sustainable downward path and see 5% as the terminal rate
  • Q3 headline CPI still averaged above the BoC’s 3.3% forecast from July, “although the downside surprise trimmed the troubling strength compared with the Bank’s estimate. […] That said, core services prices are still contributing about twice as much as the pre-pandemic average while core goods prices are contributing more than three times as much”.
Homepagemarkets-real-timeCanada Bank of Canada Market NewsBulletJPMorgan Market News Fixed Income BulletsForeign Exchange BulletsMarkets
Homepagemarkets-real-timeCanada Bank of Canada Market NewsBulletJPMorgan Market News Fixed Income BulletsForeign Exchange BulletsMarkets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.